A pot trust, also referred to as a discretionary, sprinkling or common pot trust, is a type of trust that can be used by families to pass on assets. With this type of trust, minor children serve as beneficiaries with a trustee that oversees the management of trust assets. The trustee has discretionary power to decide how the trust funds are used to pay for the care and needs of beneficiaries.
The oldest son of Anne Heche has filed a petition to assume control of the late actress’s estate.
Does a person need a Power of Attorney document if that person already has a Last Will and Testament (‘Will’)? It is a good question.
A living will is a legal document expressing your wishes on receiving or declining medical care or life-sustaining treatments should you become terminally ill or injured and unable to communicate those decisions for yourself.
Do you know what will happen to your property, belongings and debt when you die? What about your children? If you haven’t created an estate plan, now’s the time to start. Here’s how.
Estate planning is not just for the wealthy. Anyone with a bank account, house, car or other personal property should have a will.
Traditional, very simple estate planning may not be sufficient to accomplish estate planning goals in many blended family situations.
During a medical crisis, loved ones must often make decisions quickly on whether to withhold or provide life-sustaining treatments.
Planning for the future provides protection and peace of mind, so it becomes increasingly important to seniors as they approach their twilight years.
Choosing the personal representative of your estate is important. Making the wrong decision can cause utter chaos.
